Real estate news
Shadow inventory paints a more dismal outlook – marketwatch.com
If you look at the home sales figure this summer hasn't been too shabby. But we probably still have a long way to go before the housing market gets stabilized.
This article explains the "shadow inventory" that exists in most of the major cities. The number of the homes that are and will be in the market are much higher than most reports would tell you.
In short, too much supply.
FBI warns mortgage fraud is on the rise - May. 13, 2008 – money.cnn.com
FBI officials Tuesday disclosed complaints of mortgage fraud are piling up at record levels this year, and appear certain to shatter last year's record.
Experts say Obama's foreclosure fix will work - Feb. 18, 2009 – money.cnn.com
Housing counselors and lenders both say Obama program is comprehensive approach that attacks root of economic crisis. But it won't help everyone.
A great article on the cause of the current financial crisis – finance.yahoo.com
This article about the current financial crisis is the best I have seen so far. The explanation on the cause and possible outcome provides some excellent points.
Home Prices: Now for the Good News – smartmoney.com
Some markets might rebound earlier than the others, according to smartymonty.com. They are Seattle, Des Moines, Raleigh, Salt Lake City, Philadelphia, Birmingham, Denver.
What do you think?
Pending home sales post increase of 6.3 pct - Yahoo! Finance – finance.yahoo.com
In the wake of the deep discount in certain areas, pending home sale has rebounded in December. According to NAR.
With the great mortgage rate and the higher tax credit, it may be a good timing for the potential home buyers to step in from the sideline. Although it may still be too early for certain areas in California (prices are still too high).
Homeowner Confidence by Region | ZillowÂ® Blog – zillowblog.com
Earlier I reported on the always-surprising findings of our quarterly Homeowner Confidence Survey, which polls 1500+ U.S. homeowners about their perception of their own homeâ€™s value. Results show most homeowners are no longer in denial about whether their homes lost value in 2008 â€” 57 percent of U.S. homeowners say their homeâ€™s value declined over the past year, when in fact ...